Trustmark National Bank Trust Department reduced its stake in QUALCOMM Incorporated (NASDAQ:QCOM – Free Report) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,346 shares of the wireless technology company’s stock after selling 545 shares during the period. Trustmark National Bank Trust Department’s holdings in QUALCOMM were worth $2,184,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Milestone Investment Advisors LLC bought a new stake in QUALCOMM during the first quarter worth $26,000. TD Capital Management LLC lifted its stake in QUALCOMM by 118.8% during the first quarter. TD Capital Management LLC now owns 221 shares of the wireless technology company’s stock worth $28,000 after purchasing an additional 120 shares during the last quarter. Pacific Center for Financial Services bought a new stake in QUALCOMM during the first quarter worth $31,000. Strategic Investment Solutions Inc. IL bought a new stake in QUALCOMM during the first quarter worth $32,000. Finally, Avion Wealth increased its holdings in shares of QUALCOMM by 1,830.8% during the second quarter. Avion Wealth now owns 251 shares of the wireless technology company’s stock worth $29,000 after buying an additional 238 shares in the last quarter. 71.10% of the stock is currently owned by institutional investors.
QUALCOMM Price Performance
QCOM stock opened at $129.47 on Friday. The stock has a market capitalization of $144.49 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 1.44 and a beta of 1.21. The company’s 50-day moving average is $113.29 and its 200-day moving average is $114.73. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.33 and a quick ratio of 1.67. QUALCOMM Incorporated has a 1 year low of $101.47 and a 1 year high of $139.94.
QUALCOMM Dividend Announcement
Insider Activity at QUALCOMM
In related news, insider James J. Cathey sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $111.27, for a total value of $111,270.00. Following the transaction, the insider now owns 5,745 shares of the company’s stock, valued at approximately $639,246.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CTO James H. Thompson sold 27,962 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $113.23, for a total transaction of $3,166,137.26. Following the completion of the sale, the chief technology officer now owns 241,369 shares in the company, valued at approximately $27,330,211.87. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider James J. Cathey sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $111.27, for a total transaction of $111,270.00. Following the sale, the insider now owns 5,745 shares of the company’s stock, valued at approximately $639,246.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,963 shares of company stock valued at $5,377,298. 0.07% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on QCOM. Susquehanna upped their price target on shares of QUALCOMM from $130.00 to $140.00 and gave the stock a “positive” rating in a report on Thursday, November 2nd. Deutsche Bank Aktiengesellschaft downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating and lowered their price target for the stock from $130.00 to $121.00 in a report on Thursday, August 3rd. StockNews.com upgraded QUALCOMM from a “hold” rating to a “buy” rating in a report on Thursday, October 12th. JPMorgan Chase & Co. increased their price objective on QUALCOMM from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Finally, Wells Fargo & Company increased their price objective on QUALCOMM from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $137.85.
QUALCOMM Company Profile
QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.
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